Computer Programs & Systems (CPSI) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Computer Programs & Systems (NASDAQ:CPSI) from a sell rating to a hold rating in a report published on Friday morning.

CPSI has been the topic of several other research reports. KeyCorp cut their price target on Computer Programs & Systems from $23.00 to $21.00 and set an underweight rating on the stock in a research note on Friday, August 3rd. ValuEngine upgraded Computer Programs & Systems from a sell rating to a hold rating in a research note on Saturday, June 16th. Zacks Investment Research upgraded Computer Programs & Systems from a sell rating to a hold rating in a research note on Monday, July 30th. Piper Jaffray Companies cut their price target on Computer Programs & Systems to $29.00 and set a neutral rating on the stock in a research note on Friday, August 3rd. Finally, SunTrust Banks reiterated a hold rating and issued a $30.00 price target on shares of Computer Programs & Systems in a research note on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $29.33.

NASDAQ:CPSI opened at $27.20 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.65 and a current ratio of 1.69. Computer Programs & Systems has a one year low of $25.15 and a one year high of $34.65. The stock has a market capitalization of $383.84 million, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 1.73 and a beta of -0.04.

Computer Programs & Systems (NASDAQ:CPSI) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.23). Computer Programs & Systems had a positive return on equity of 13.62% and a negative net margin of 5.27%. The business had revenue of $67.91 million during the quarter, compared to analyst estimates of $72.33 million. During the same quarter last year, the firm posted $0.43 EPS. The company’s revenue was up .3% compared to the same quarter last year. equities research analysts predict that Computer Programs & Systems will post 1.52 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Thursday, August 16th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, August 15th. Computer Programs & Systems’s dividend payout ratio is currently 30.08%.

A number of institutional investors have recently made changes to their positions in CPSI. Barclays PLC increased its holdings in Computer Programs & Systems by 131.1% in the first quarter. Barclays PLC now owns 4,396 shares of the company’s stock valued at $128,000 after buying an additional 2,494 shares during the last quarter. SG Americas Securities LLC bought a new stake in Computer Programs & Systems in the second quarter valued at about $139,000. KBC Group NV bought a new stake in Computer Programs & Systems in the second quarter valued at about $170,000. MetLife Investment Advisors LLC bought a new stake in Computer Programs & Systems in the fourth quarter valued at about $176,000. Finally, Robecosam AG increased its holdings in Computer Programs & Systems by 70.0% in the first quarter. Robecosam AG now owns 7,400 shares of the company’s stock valued at $216,000 after buying an additional 3,047 shares during the last quarter. 90.80% of the stock is owned by hedge funds and other institutional investors.

Computer Programs & Systems Company Profile

Computer Programs and Systems, Inc provides healthcare information technology solutions and services in the United States and the Caribbean nation of St. Maarten. Its software systems include patient management software that enables a hospital to identify a patient at various points in the healthcare delivery system, as well as helps to collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business office applications to track and coordinate information needed for managerial decision-making.

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Analyst Recommendations for Computer Programs & Systems (NASDAQ:CPSI)

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